Common use of Escrow of Share Certificates Clause in Contracts

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's name and shall be held by the Company's transfer agent until all restrictions lapse or such shares are forfeited as provided under the terms of the Employment Agreement. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's request, upon such lapse.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Frontier Communications Corp), Restricted Stock Agreement (Citizens Communications Co)

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Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's name and shall be held by the Company's transfer agent until all restrictions lapse performance criteria are met or such shares are forfeited as provided under the terms of the Employment Agreementherein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's request, request upon such lapse.

Appears in 1 contract

Samples: Performance Award Agreement (Citizens Utilities Co)

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's ’s name and shall be held by Fidelity Investments (“Fidelity”) on behalf of the Company's transfer agent Company until all restrictions lapse or such shares are forfeited as provided under the terms of the Employment Agreementherein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's ’s request, upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Frontier Communications Corp)

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's ’s name and shall be held by the Company's ’s transfer agent until all restrictions lapse or such shares are forfeited as provided under the terms of the Employment Agreement. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's ’s request, upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Frontier Communications Corp)

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's name and shall be held in escrow by the Company's transfer agent Company until all restrictions lapse or such shares are forfeited as provided under the terms of the Employment Agreementherein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's request, Grantee upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Torotel Inc)

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's name and shall be held by the Company's transfer agent until all restrictions lapse or such shares are forfeited as provided herein or under the terms of the Employment AgreementChange in Control Memorandum, as applicable. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's request, upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Citizens Communications Co)

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Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's ’s name and shall be held by the Company's ’s transfer agent until all restrictions lapse or such shares are forfeited as provided herein or under the terms of the Employment Agreement[Change in Control Memorandum] [Amended Offer Letter], as applicable. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's ’s request, upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Frontier Communications Corp)

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's ’s name and shall be held in escrow by the Company's transfer agent Company until all restrictions lapse or such shares are forfeited as provided under the terms of the Employment Agreementherein. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's request, Grantee upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Torotel Inc)

Escrow of Share Certificates. Certificates for the Award Shares shall be issued in the Grantee's name and shall be held by the Company's transfer agent until all restrictions lapse or such shares are forfeited as provided herein or under the terms of the Employment Agreement[Change in Control Memorandum] [Amended Offer Letter], as applicable. A certificate or certificates representing the Award Shares as to which restrictions have lapsed shall be delivered to the Grantee, upon the Grantee's request, upon such lapse.

Appears in 1 contract

Samples: Restricted Stock Agreement (Frontier Communications Corp)

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